When transferring short positions between accounts, how do I correct the cost basis?
DaveFry
Member ✭✭
The Move transactions option moved all long positions perfectly, but I had to manually use 'add' from the old account and 'remove' from the new account to enter the positions. Cost basis is not entered in the 'removed' positions. How do I fix this?
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Best Answer
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Cost basis is established when we acquire shares. I suggest you enter ShrtSellX action transactions with a self-referencing transfer account to establish the short holdings in the new account in place of the Removed action transactions.5
Answers
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Cost basis is established when we acquire shares. I suggest you enter ShrtSellX action transactions with a self-referencing transfer account to establish the short holdings in the new account in place of the Removed action transactions.5
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That helped a lot. Thanks.0